Zacks Investment Research Downgrades Farmers National Banc (FMNB) to Hold

Farmers National Banc (NASDAQ:FMNB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Farmers National Banc Corp. is a one-bank holding with only one subsidiary, The Farmers National Bank of Canfield. They operate in one industry, domestic banking. The Bank is a full-service national bank engaged in commercial and retail banking. The Bank’s commercial banking services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, home equity loans, home equity lines of credit, night depository, safe deposit boxes, money orders, bank checks, automated teller machines and travelers checks. “

FMNB has been the subject of a number of other reports. ValuEngine cut Farmers National Banc from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub cut Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods cut Farmers National Banc from an “outperform” rating to a “market perform” rating in a research report on Friday, October 27th.

Farmers National Banc (NASDAQ:FMNB) remained flat at $$15.05 on Tuesday. 26,356 shares of the stock traded hands, compared to its average volume of 31,983. Farmers National Banc has a twelve month low of $12.13 and a twelve month high of $15.95. The firm has a market cap of $415.92, a PE ratio of 17.92 and a beta of 0.42. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

Several hedge funds and other institutional investors have recently made changes to their positions in FMNB. LSV Asset Management boosted its position in shares of Farmers National Banc by 137.7% in the 2nd quarter. LSV Asset Management now owns 379,157 shares of the bank’s stock valued at $5,497,000 after purchasing an additional 219,631 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Farmers National Banc by 22.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 409,613 shares of the bank’s stock valued at $6,165,000 after purchasing an additional 75,463 shares during the period. Investment Partners Ltd. OH ADV boosted its position in shares of Farmers National Banc by 67.0% in the 3rd quarter. Investment Partners Ltd. OH ADV now owns 168,081 shares of the bank’s stock valued at $2,530,000 after purchasing an additional 67,406 shares during the period. Martingale Asset Management L P acquired a new stake in shares of Farmers National Banc in the 2nd quarter valued at about $916,000. Finally, State Street Corp boosted its position in shares of Farmers National Banc by 10.8% in the 2nd quarter. State Street Corp now owns 457,716 shares of the bank’s stock valued at $6,638,000 after purchasing an additional 44,733 shares during the period. 34.49% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2018/01/09/zacks-investment-research-downgrades-farmers-national-banc-fmnb-to-hold.html.

About Farmers National Banc

Farmers National Banc Corp. is a one-bank holding company. The Company’s principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc (NAI) and Farmers National Captive, Inc (Captive).

Get a free copy of the Zacks research report on Farmers National Banc (FMNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Farmers National Banc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Farmers National Banc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit